Friendly/Hostile Takeover

A friendly takeover is an attempt by one company to acquire another, which is supported by the management of the target firm. This was clearly a friendly takeover. The manager of BDC welcomed the idea of the proposed acquisition. A hostile takeover is an attempt by one company to acquire another, which is not supported by the management of the target firm. Shareholders in Max Mien were hoping that the firm would be subject to a hostile takeover attempt. This was the easiest way to get rid of bad management.